EBA欧洲银行-DE_529900HNOAA1KXQJUQ27_TR_2015_25页_4mb

2015 EU-wide Transparency Exercise Summary: Deutsche Zentral-Genossenschaftsbank AG

Core Information

• Bank Name: Deutsche Zentral-Genossenschaftsbank AG
• LEI Code: 529900HNOAA1KXQJUQ27
• Country Code: DE (Germany)

Capital Structure

Own Funds

• As of 31/12/2014: 16,508 mln EUR
• As of 30/06/2015: 16,670 mln EUR
• CoreP Code: CA1 (1)

Common Equity Tier 1 (CET1) Capital

• As of 31/12/2014: 11,913 mln EUR
• As of 30/06/2015: 12,792 mln EUR
• CoreP Code: CA1 (1.1.1)
• Regulation: Article 50 of CRR

Capital Instruments Eligible as CET1

• As of 31/12/2014: 5,748 mln EUR
• As of 30/06/2015: 5,748 mln EUR
• CoreP Code: CA1 (1.1.1.1)
• Regulation: Articles 26(1) points (a) and (b), 27 to 29, 36(1) point (f), and 42 of CRR

Retained Earnings

• As of 31/12/2014: 5,442 mln EUR
• As of 30/06/2015: 5,621 mln EUR
• CoreP Code: CA1 (1.1.1.2)
• Regulation: Articles 26(1) point (c), 26(2), and 36(1) points (a) and (f) of CRR

Accumulated Other Comprehensive Income

• As of 31/12/2014: 441 mln EUR
• As of 30/06/2015: 840 mln EUR
• CoreP Code: CA1 (1.1.1.3)
• Regulation: Articles 4(100), 26(1) point (d), and 36(1) point (f) of CRR

Other Reserves

• As of 31/12/2014: 65 mln EUR
• As of 30/06/2015: 412 mln EUR
• CoreP Code: CA1 (1.1.1.4)
• Regulation: Articles 4(117) and 26(1) point (e) of CRR

Minority Interest in CET1 Capital

• As of 31/12/2014: 267 mln EUR
• As of 30/06/2015: 373 mln EUR
• CoreP Code: CA1 (1.1.1.7)
• Regulation: Article 84 of CRR

Adjustments to CET1

• As of 31/12/2014: -299 mln EUR
• As of 30/06/2015: -259 mln EUR
• CoreP Code: CA1 (1.1.1.9)
• Regulation: Articles 32 to 35 and 36(1) point (f) of CRR

Deductions from CET1

• Intangible Assets (including Goodwill): -593 mln EUR (31/12/2014), -519 mln EUR (30/06/2015)
• DTAs based on future profitability: -105 mln EUR (31/12/2014), -64 mln EUR (30/06/2015)
• IRB shortfall of credit risk adjustments: -30 mln EUR (31/12/2014), -117 mln EUR (30/06/2015)
• Reciprocal cross holdings: -3 mln EUR (31/12/2014), -3 mln EUR (30/06/2015)
• Excess deductions from ATI items: 0 mln EUR (both dates)
• Deductible DTAs based on temporary differences: 0 mln EUR (both dates)
• Holdings of CET1 capital instruments (no significant investment): 0 mln EUR (both dates)
• Holdings of CET1 capital instruments (significant investment): 0 mln EUR (both dates)
• Amount exceeding 17.65% threshold: 0 mln EUR (both dates)

Transitional Adjustments to CET1

• Transitional adjustments due to grandfathered CET1 instruments: 0 mln EUR (both dates)
• Transitional adjustments due to additional minority interests: 956 mln EUR (31/12/2014), 821 mln EUR (30/06/2015)
• Other transitional adjustments: 46 mln EUR (31/12/2014), -38 mln EUR (30/06/2015)

Tier 1 Capital

• As of 31/12/2014: 13,407 mln EUR
• As of 30/06/2015: 13,803 mln EUR
• CoreP Code: CA1 (1.1)
• Regulation: Article 25 of CRR

Tier 2 Capital

• As of 31/12/2014: 3,101 mln EUR
• As of 30/06/2015: 2,868 mln EUR
• CoreP Code: CA1 (1.2)
• Regulation: Article 71 of CRR

Additional Tier 1 Capital

• As of 31/12/2014: 1,494 mln EUR
• As of 30/06/2015: 1,011 mln EUR
• CoreP Code: CA1 (1.1.1.2)
• Regulation: Article 61 of CRR

Risk Exposure Amounts

• Total Risk Exposure Amount: 98,080 mln EUR (31/12/2014), 101,130 mln EUR (30/06/2015)
• CoreP Code: CA2 (1)
• Regulation: Articles 92(3), 95, 96, and 98 of CRR

Breakdown of Risk Exposure

• Credit Risk: 76,573 mln EUR (31/12/2014), 77,286 mln EUR (30/06/2015)
• Securitisation and Re-securitisation (Banking Book): 8,679 mln EUR (31/12/2014), 8,149 mln EUR (30/06/2015)
• CCP Default Fund Contributions: 269 mln EUR (31/12/2014), 303 mln EUR (30/06/2015)
• Other Credit Risk: 67,625 mln EUR (31/12/2014), 68,834 mln EUR (30/06/2015)
• Market Risk (Position, FX, Commodities): 10,909 mln EUR (31/12/2014), 13,120 mln EUR (30/06/2015)
  • Of which: Securitisation in Trading Book: 155 mln EUR (31/12/2014), 138 mln EUR (30/06/2015)
  • Credit Valuation Adjustment: 2,297 mln EUR (31/12/2014), 1,802 mln EUR (30/06/2015)
• Operational Risk: 8,302 mln EUR (31/12/2014), 8,918 mln EUR (30/06/2015)
• Other Risk Exposure Amounts: 0 mln EUR (31/12/2014), 2 mln EUR (30/06/2015)

Profit and Loss (P&L) Summary

• Net Operating Income (As of 31/12/2014): 5,637 mln EUR
• Net Operating Income (As of 30/06/2015): 2,847 mln EUR
• Profit or Loss Before Tax from Continuing Operations (As of 31/12/2014): 2,513 mln EUR
• Profit or Loss After Tax from Continuing Operations (As of 31/12/2014): 1,924 mln EUR
• Profit or Loss After Tax from Continuing Operations (As of 30/06/2015): 834 mln EUR
• Profit or Loss for the Year (As of 31/12/2014): 1,924 mln EUR
• Profit or Loss for the Year (As of 30/06/2015): 834 mln EUR
• Of which attributable to owners of the parent: 1,686 mln EUR (31/12/2014), 687 mln EUR (30/06/2015)

Capital Ratios

• Common Equity Tier 1 Capital Ratio: 12.15% (31/12/2014), 12.65% (30/06/2015)
• Tier 1 Capital Ratio: 13.67% (31/12/2014), 13.65% (30/06/2015)
• Total Capital Ratio: 16.83% (31/12/2014), 16.48% (30/06/2015)

Additional Information

• Risk Exposure Amounts (Standardised Approach):

  • Original Exposure: 10,771 mln EUR (31/12/2014), 12,293 mln EUR (30/06/2015)
  • Exposure Value: 12,441 mln EUR (31/12/2014), 12,695 mln EUR (30/06/2015)
  • Risk Exposure Amount: 2,113 mln EUR (31/12/2014), 1,564 mln EUR (30/06/2015)
  • Value Adjustments and Provisions: 1,192 mln EUR (31/12/2014), 1,095 mln EUR (30/06/2015)

• Risk Exposure Amounts (Other Countries):

  • United States: 13,923 mln EUR (31/12/2014), 14,244 mln EUR (30/06/2015)
  • United Kingdom: 1,308 mln EUR (31/12/2014), 1,264 mln EUR (30/06/2015)
  • France: 1,308 mln EUR (31/12/2014), 1,264 mln EUR (30/06/2015)

Summary of Key Points

• The bank's capital structure and risk exposure were reported in accordance with the Capital Requirements Regulation (CRR).
• CET1 capital increased from 11,913 mln EUR to 12,792 mln EUR between 2014 and 2015.
• Tier 1 capital increased slightly from 13,407 mln EUR to 13,803 mln EUR.
• Tier 2 capital decreased from 3,101 mln EUR to 2,868 mln EUR.
• The total risk exposure increased from 98,080 mln EUR to 101,130 mln EUR.
• The Common Equity Tier 1 Capital Ratio improved from 12.15% to 12.65%.
• The bank's P&L showed a significant decline in net operating income and profit from continuing operations from 2014 to 2015.
• The Standardised Approach provided detailed breakdowns of risk exposure, original exposure, and exposure value across various categories.